SEBI Notifies May 10, 2024 as Effective Date for Enforcement of Norms w.r.t Eligibility Criteria for AIF Manager
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- Last Updated on 14 May, 2024
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Notification SEBI/LAD-NRO/GN/2024/175; Dated: 13.05.2024
SEBI has notified May 10, 2024, as the effective date for enforcement of regulation 3(III) of SEBI (AIF) Regulations, 2023. This regulation deals with provisions regarding eligibility criteria for AIF managers. It states that the key investment team of the AIF Manager must have at least one key personnel with relevant certification as specified by the Board. Also, a fresh certification must be obtained before the expiry of the validity of the existing certification to ensure continuity with these requirements.
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